China Labor Watch has made new allegations against Apple supplier Pegatron, including that it employs underage workers, gives employees excessive hours, and maintains poor working and living conditions.

Score one for human rights, zero for an Apple supplier’s bottom line. Foxconn parent company Hon Hai Precision Industry posted lower profits than usual in the first quarter of 2012 due to higher employee costs.

Looks like there are more audits are in Apple’s future, this time exploring its environmental cost. The company has teamed up with the Institute of Public and Environmental Affairs (IPE) to audit one of its Chinese circuit-board factories.

Foxconn announced major reforms yesterday after an investigation by the Fair Labor Association found conditions that violated both the FLA’s standards and Chinese legal regulations. But while American’s may be comforting themselves that their shiny new iPhones and iPads are going to be made in more humane factories, the Chinese workers are upset that they will be missing out on the chance to maximize their income.

Chinese manufacturing company Foxconn will not seek legal action against radio program This American Life or actor Mike Daisey for a controversial and recently retracted segment about the factory’s working conditions.

The radio show This American Life aired its hour-long retraction show today that admitted there were “numerous fabrications” in a story it aired in January by Mike Daisey, a theatrical performer who said he had documented the harsh working conditions of Foxconn employees working in Chinese factories that make Apple’s iPad and other products.